This property looks like a bad Long-Term investment with a projected -18.24% first-year return on $191k initial cash invested.
-18.24%
Cash On Cash
2.85%
Cap Rate
0.45
DSCR
$4,254
Rent
-$2,900
Cashflow
Cash Flow
$4,254 income − $7,154 expenses = $2,900 out of pocket
Investment Breakdown
|
Purchase Price
$909k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$182k
Closing costs
1%
$9,086
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,254
Total Expenses
$7,154
Mortgage P&I
114%
$4,843
Property Taxes
20%
$846
Home Insurance
7%
$315
HOA
1%
$44
Property Management
10%
$425
CapEx
5%
$213
Vacancy
6%
$255
Maintenance
5%
$213
Other
0%
$0